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11. Semiannual and other compounding periods Semiannual compounding implies that interest is compounded times per year. You have deposited $96,780 into an account that will
11. Semiannual and other compounding periods Semiannual compounding implies that interest is compounded times per year. You have deposited $96,780 into an account that will earn an interest rate of 9% compounded semiannually. How much will you have in this account at the end of seven years? 0 $179,231.23 0 $125,461.86 O $206,115.91 O $176,917.63
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